industrial sector

Sector

A set of securities or individual companies that are similar to each other. For example, all automotive companies in the United States are said to belong to the American automotive sector. See also: Industry.

industrial sector

that part of the economy concerned with the production of INTERMEDIATE PRODUCTS (iron and steel, machinery and equipment, etc.) and FINAL PRODUCTS (washing machines, furniture, etc.)

The source pointed out that the services sector is very important, and most countries in the world give priority to this sector along with the industrial sector, stressing that it still needs more funding.

UNIDO is implementing a Global Environment Facility (GEF)-funded project in the industrial sector and the launch of SEI is to avoid greenhouse gas (GHG) emissions by developing and promoting a market environment.

He also said in a statement on Tuesday that the industrial sector faces a series of challenges due to internal and external factors, including the consequences of the financial crisis and the global economic situation.

He said during a meeting with representatives of local and national organisations working in the industrial sector, that the industrial sector is a key driver in the performance of the national economy, as its contribution to the GDP of the country in 2012 ranged between 11 and 15 per cent, saying that the country pays a special attention to the industry.

Among the major problems that face the industrial sector in Kuwait are the lack of storage spaces, plots of lands allocated for industrial purposes and high rents," Abdul Jaleel Boland, a consultant to Kuwait-based Al-Ahleia Switchgear Company, told KUNA.

The report further expects the movement of additional investment capital in the industrial sector, highlighting the fact that the industrial sector has witnessed some significant and stable developments recently.

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